523 Ridgewood Road
Rochester, MI 48306
Single Family Residence · MLS # 58050222250 · Listing courtesy of Real Estate One Inc-Shelby
About this home
English Tudor on beautiful private 3/4-acre wooded lot minutes from downtown Rochester. Rich architectural character is found throughout including extensive woodwork, exposed beams with stained and leaded glass accents. The main level offers spacious living areas, 2 fireplaces, large island kitchen with granite countertops and large windows overlooking a private setting. Finished walkout lower level includes a wet bar, 3rd fireplace and easy backyard access to lower patio & upper deck. Large primary suite that has a balcony overlooking the private wooded yard; 3.5-car attached garage; Large circular driveway for guest parking. Seller is offering quick possession.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Rochester
Over the last 90 days, 86 homes sold in Rochester for a median of $548,750, about $198 per square foot, and the typical one went under contract in 13 days. This home is listed at $799,900, or $148 per square foot, 25% below the city median, and has been on the market 54 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Rochester sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $6,323 a year. A buyer who lives here would pay about $9,970 a year once the taxable value resets after the sale, at the 2025 homestead rate of 24.68 mills for Oakland Twp and Rochester schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Rochester
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